PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

CNB National Bank

Lake City, FL · Cert 26631

FDIC

Q2 2004

$847.4MAssets
$710.3MLoans
$757.3MDeposits
$66.6MEquity
Loan mix
68%RE $225.4M32%C&I $105.8M0%Consumer $0.5MQ2 2003Q2 2004
Deposit mix
86%Interest-bearing $648.9M14%Noninterest $108.4MQ2 2003Q2 2004

NIM

6.20%Q2 ’025.52%Q2 ’035.33%Q2 ’04-10%+6%

Non-interest income vs. expense

3.25%Q2 ’022.76%Q2 ’033.14%Q2 ’04-16%+31%

Executive Summary

  • Earnings: ROA of 0.08%, down 76 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.45%.
  • Funding: loans stand at 93.80% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

0.08%-76 bps YoY

Net Interest Margin (YTD, annualized)

3.73%+22 bps YoY

Efficiency Ratio (YTD, annualized)

71.71%+965 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.84%0.87%0.90%0.89%0.08%-76 bps
Return on Equity10.25%10.66%10.99%10.73%0.93%-932 bps
Net Interest Margin3.51%3.51%3.51%3.83%3.73%+22 bps
Efficiency Ratio62.06%61.51%60.58%61.43%71.71%+965 bps
Non-Interest Burden1.98%1.96%1.94%2.23%2.60%+62 bps
Growth
Asset Growth (YoY)19.79%18.00%12.23%7.68%7.11%-1,268 bps
Loan Growth (YoY)12.24%13.30%10.72%14.95%12.59%+35 bps
Deposit Growth (YoY)20.97%18.70%11.59%6.85%6.33%-1,463 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.35%0.24%0.20%0.18%0.45%+10 bps
Allowance / Loans1.08%1.07%1.07%1.07%1.18%+10 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital10.61%10.50%10.57%10.55%10.10%-51 bps
Equity / Assets8.12%8.07%8.23%8.35%7.86%-26 bps
Liquidity & Funding
Loans / Deposits88.58%90.23%94.28%94.09%93.80%+521 bps
Liquid Assets / Assets3.46%4.96%3.72%2.73%1.01%-246 bps
CRE / Total Capitaln/an/an/an/an/an/an/a